NEW DELHI: The UAE government-owned entity that has been selected for a contract to supply close-quarter battle carbines on a fast track basis to the army says that is in talks with major Indian defence players to set up manufacturing facilities from which it can source up to 60% of the components needed.
Caracal International, which was selected to supply 93, 895 new generation carbines, did not disclose the names of its Indian partners but said that it is willing to transfer technology and move production here, in an exclusive interview with ET.Read more…
